Question
As we learned, Antitrust laws are a combination of federal and state laws that seek to promote competition among businesses (both large and small). Competition
As we learned, Antitrust laws are a combination of federal and state laws that seek to promote competition among businesses (both large and small). Competition among businesses benefits consumers, as businesses compete by providing better or more goods and services at lower prices. In pursuit of growth and efficiency, business competitors often attempt to share some activities or join together in the performance of business functions. The question of whether those activities are legal focuses on whether consumers suffer a detriment from their activities.
For this assignment, use the internet to find an antitrust violation in the last 20 years. Give a one-paragraph summary of the facts, and then explain why it is illegal,
this is an example: The Sherman Act enabled the Department of Justice to prosecute unreasonable restraints of trade and monopolistic abuses criminally and civilly. In 1890 the statute was designed to be a comprehensive charter of economic liberty aimed to preserve fee and unfettered competition as the rule of trade. The Obama administration had neither popular antitrust movements nor significant antitrust prosecution. Cartel enforcement remained robust but antitrust enforcement waned. The government rarely challenged mergers among competitors. Antitrust-noneconomic goals were jettisoned for an amorphous consumer welfare standard.
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